US property: a once in a lifetime opportunity?

UK property is wildly overpriced and has a long way to fall yet. But in the US, it's a different story. Real estate has hit rock-bottom, says Tom Bulford. And there are plenty of bargains to be had.

If you were asked to design a nation fit to thrive in the 21st century, you certainly would not start with a country set up as the USA is today.

In a world running out of fossil fuels, its dependence uponoil is all too obvious. Not only because even the shortest journey cannot be made on foot, but also because of the vast trucking industry.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.